– UK, London – Shaftesbury PLC (LSE:SHB), announces the appointment of Jonathan Nicholls as a Non-Executive Director. He will join the Board on 1 September 2016 and will succeed Jonathan Lane OBE as Chairman on 1 October 2016.
Jonathan Nicholls currently has non-executive roles at Great Portland Estates plc, D S Smith plc, Ibstock plc and SIG plc. He will retire from the board of Great Portland Estates plc, where he is Senior Independent Director and Chair of the Audit Committee, at their annual general meeting in July 2016. His previous executive roles included Group Finance Director at Hanson plc and Old Mutual plc, as well as other senior positions with Abbey National plc.
Jonathan Lane OBE said: “Having asked the Board in November 2015 to undertake a process to identify my successor, I am delighted that Jonathan Nicholls will succeed me as Chairman at the beginning of our next financial year. His broad and relevant experience will be welcomed by the whole Board.”
Brian Bickell said: “On behalf of the Board and the entire Shaftesbury team, we thank Jonathan for his outstanding contribution to the remarkable development of Shaftesbury since its formation 30 years ago. The qualities and strength of the business today, and its long-term prospects, are a testament to his commitment, determination, wide experience and vision.
Having been fortunate to work alongside Jonathan for all of those 30 years, under his leadership we have assembled a unique portfolio in the heart of the West End and he has instilled in us a culture which will guide this successful business for many years ahead.”
Jonathan Nicholls said: “I am delighted to take on the role of Chairman of Shaftesbury. This is an excellent business with an outstanding portfolio in the centre of London which has tremendous potential and a first class management team.”
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